Sahm, Claudia R.; Shapiro, Matthew D.; Slemrod, Joel - Federal Reserve Board (Board of Governors of the … - 2009
Only about one-fifth of respondents in the Reuters/University of Michigan survey report that the 2008 tax rebates led them to mostly increase spending, while over half said it would lead them to mostly pay off debt. Of those in the mostly-spend category, the response was swift, with over 80...